Codebook for "Insuring Hedged Bets with Lobbying" by Scott H. Ainsworth and James E. Monogan III

Our Dataverse page contains two files of primary interest: lobbyHedgeRep.R is replication code required to reproduce all analysis, tables, and figures from the paper. The Stata-formatted data file lobbyHedgeRep.dta contains the complete replication data. 

The variables in the dataset lobbyHedgeRep.dta are as follows:
* year: Year of observation, ranging from 1998-2015.
* totallobbymoney: Billions of dollars spent on lobbying in Washington, DC. Recorded by the Center for Responsive Politics. Chained 2009 dollars.
* AUMHedgeFunds: Total assets under management, in billions of dollars, by hedge funds in a given year. Data from Barclay Hedge. Chained 2009 dollars.
* GDP: United States gross domestic product, in trillions of dollars, in a given year. Recorded by the Bureau of Economic Analysis. Chained 2009 dollars.
* var2008: Indicator variable coded 1 in year 2008, 0 otherwise.
* budget: Federal government outlays by year. Recorded by the Office of Management and Budget. Chained 2009 dollars.
* inflation: Adjustment factor to convert nominal dollars into chained 2009 dollars. Calculated by Robert Sahr (Oregon State University) on 8 April 2014.
* totallobbymoneyORIGINAL: Lobbying spending in nominal dollars for each year. These are the original figures that have not been adjusted for inflation.
* AUMHedgeFundsORIGINAL: Hedge fund assets under management in nominal dollars for each year. These are the original figures that have not been adjusted for inflation.
* DAUMHedgeFunds: Change from the prior year to the current year in hedge fund assets under management.
* DGDP: Change from the prior year to the current year in U.S. GDP.
* Dtotallobbymoney: Change from the prior year to the current year in total lobbying spending.
* Dbudget: Change from the prior year to the current year in the federal budget.
